HSA Guide
Do I Have to Spend My HSA Every Year?
Published March 28, 2023
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Get the appShort answer: You can use HSA funds without needing to spend them every year, and you can roll over unused funds year after year.
HSA rollover freedom vs “use it or lose it”
One of the benefits of having a Health Savings Account (HSA) is that you are not required to spend the funds every year. Unlike Flexible Spending Accounts (FSAs), which have a One of the significant advantages of a Health Savings Account (HSA) is the freedom to decide when to use your funds, as you are not obligated to spend the money each year. This sets HSAs apart from Flexible Spending Accounts (FSAs), which operate under a 'use it or lose it' policy. You can roll over unused HSA funds year after year, making them a great tool for long-term financial planning.